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Gold vs. Platinum Index is breaking lower

Gold (
GLD
,
quote
) vs. Platinum (
PLTM
,
quote
) Index is breaking lower (gold div by plat) which is not only a
function of gold's demise as a hedge for
global policy mistakes/inflation/anti-dollar but also as a sign
of growth as platinum has industrial uses that are aligned with
recovery.

Breaking out of 6 month (low) range its worth playing on short
term technical measures and relative to long term averages of
gold to platinum.

Longer term the average of gold to platinum was around .55,
especially in the period of higher global growth and no fed
action in mid-2000's.

Look at below for the long term average and where this spread
could normalize to.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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